PZ Cussons has reported a revenue of N260.46 billion for the financial year ended May 31, 2026, representing a 22 per cent increase from N212.63 billion recorded in 2025.
The consumer goods manufacturer also posted a 388 per cent surge in profit, rising from N10.07 billion in the previous year to N49.10 billion, according to its unaudited financial results filed with the Nigerian Exchange, NGX.
The company said its cost of sales dropped to 72 per cent of revenue, 100 basis points lower than the previous year, driven by improved product mix and supply chain efficiencies.
However, marketing and distribution expenses rose by 48.2 per cent to N26.51 billion, while administrative expenses increased from N14.70 billion to N21.07 billion.
Chief Executive Officer of PZ Cussons, Oghale Elueni, attributed the strong performance to the resilience of the business, strong brands and disciplined execution.
“Despite the complex and consistently challenging operating environment, we delivered growth in both revenue and profit,” Elueni said.
He added that the company’s 22 per cent revenue growth was driven by a combination of higher sales volumes and pricing initiatives.
“The balance sheet was further de-leveraged and strengthened through a cash-accretive P&L and efficient working capital management. The impact has been an improvement in the net asset position from N17.3 billion negative at the beginning of the year to N70.6 billion at year-end,” he stated.
Elueni said the company recorded volume growth across its electrical and consumer businesses, leading to market share gains, increased household penetration and stronger revenue.
He expressed appreciation to shareholders for their support, noting that the company remained confident of delivering value despite prevailing economic and geopolitical uncertainties.
“We have a business that has strong brands, an adaptive operating framework and a culture of disciplined execution that supports the consistent delivery of value to stakeholders,” he added.
